Caution: Danger Ahead

EUR/USD: Falling Wedge identified at 11-Apr-21:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0837 within the next 3 days. Supported by Downward sloping Moving Average This message contains images. If you do not see the images, please ensure that you enable images to be downloaded. Click here to view this report online.

Forex Report Market Summary   Notifications Upcoming High Impact Economic Releases   Daily Notification Balance of Trade 13-Apr-03:00   Core Inflation Rate YoY 12-Apr-12:30   Inflation Rate YoY 12-Apr-12:30   Westpac Consumer Confidence Change 13-Apr-00:30   Westpac Consumer Confidence Index 13-Apr-00:30     We have awesome content to share with you. Please join us on Social Media to keep up to date: Click Here to Subscribe to our YouTube channel Click Here to Like us on Facebook Click Here to Follow us on Twitter Market Movements Report Time: 12-Apr-2022 11:12 UTC Symbol Latest Price Daily Change EURUSD 1.087 0.06% USDJPY 125.587 0.13% GBPUSD 1.301 0.09% USDCHF 0.933 0.17% Dow 34,314.27 1.17% Nasdaq 14,006.75 0.1% S&P 500 4,417.96 0.1% FTSE 7,547 0.31%   Market Reports are generated 3 times per day. Each before the open of Tokyo, London and New York. These reports provide you with a snapshot of the technical outlook of the markets before the opening of the major financial centres. Market movements show change in price from the same report 24 hours earlier. Supporting RSI and Moving Averages are 34 candles TP: Last Turning Point - used to identify Support (SL) and Resistance (RL) Levels EUR/USD 17-Mar-17:00 -> 12-Apr-13:00 Target Level: 1.0837   Support: (A) 1.0837 Last TP of Falling Wedge Resistance: (B) 1.0933 Last TP of Falling Wedge Target Period: 3 days   Interval 4 hour Pattern Falling Wedge Length 63 Candles Identified 11-Apr-21:00 Falling Wedge identified at 11-Apr-21:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0837 within the next 3 days. Supported by Downward sloping Moving Average USD/JPY 24-Mar-13:00 -> 12-Apr-13:00 Target Level: 123.9690   Support: (A) 123.9690 Last TP of Channel Up Resistance: (B) 125.7710 Last TP of Channel Up Target Period: 2 days   Interval 4 hour Pattern Channel Up Length 39 Candles Identified 12-Apr-05:00 Channel Up identified at 12-Apr-05:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 123.9690 within the next 2 days. Supported by RSI above 60 GBP/USD 29-Mar-09:00 -> 12-Apr-13:00 Target Level: 1.2982   Support: (A) 1.2982 Last TP of Channel Down Resistance: (B) 1.3057 Last TP of Channel Down Target Period: 10 hours   Interval 4 hour Pattern Channel Down Length 21 Candles Identified 11-Apr-21:00 Channel Down identified at 11-Apr-21:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2982 within the next 10 hours. Supported by Downward sloping Moving Average AUD/USD 08-Mar-21:00 -> 11-Apr-21:00 Target Period: 10 hours   Interval Daily Pattern Consecutive Candles Length 4 Candles Identified 11-Apr-21:00 AUD/USD experienced 4 consecutive bearish candles. Possible bullish price movement to follow. USD/CHF 07-Apr-09:00 -> 12-Apr-11:00 Target Level: 0.9298   Support: (A) 0.9298 Last TP of Falling Wedge Resistance: (B) 0.9345 Last TP of Falling Wedge Target Period: 12 hours   Interval 1 hour Pattern Falling Wedge Length 37 Candles Identified 12-Apr-11:00 Falling Wedge identified at 12-Apr-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.9298 within the next 12 hours. USD/CAD 24-Mar-17:00 -> 12-Apr-13:00 Target Level: 1.2611   Support: (A) 1.2573 Last TP of Rising Wedge Target Period: day   Interval 4 hour Pattern Rising Wedge Length 35 Candles Identified 11-Apr-17:00 Rising Wedge identified at 11-Apr-17:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2611 within the next day. Supported by Upward sloping Moving Average NZD/USD 07-Mar-21:00 -> 11-Apr-21:00 Target Period: 10 hours   Interval Daily Pattern Consecutive Candles Length 5 Candles Identified 11-Apr-21:00 NZD/USD experienced 5 consecutive bearish candles. Possible bullish price movement to follow. GBP/JPY 08-Apr-09:00 -> 12-Apr-11:00 Target Level: 163.6250   Support: (A) 163.2870 Last TP of Triangle Resistance: (B) 163.6250 Last TP of Triangle Target Period: 13 hours   Interval 15 Minutes Pattern Triangle Length 151 Candles Identified 12-Apr-11:00 Triangle identified at 12-Apr-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 163.6250 within the next 13 hours. Supported by Upward sloping Moving Average EUR/JPY 01-Apr-10:00 -> 12-Apr-11:00 Target Level: 137.1300   Support: (A) 136.2940 Last TP of Rising Wedge Resistance: (B) 137.1300 Last TP of Rising Wedge Target Period: 2 days   Interval 1 hour Pattern Rising Wedge Length 122 Candles Identified 12-Apr-10:00 Rising Wedge identified at 12-Apr-10:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 137.1300 within the next 2 days. Supported by Upward sloping Moving Average GBP/CHF 07-Apr-09:00 -> 12-Apr-11:00 Target Level: 1.2115   Support: (A) 1.2115 Last TP of Falling Wedge Resistance: (B) 1.2158 Last TP of Falling Wedge Target Period: 12 hours   Interval 1 hour Pattern Falling Wedge Length 37 Candles Identified 12-Apr-11:00 Falling Wedge identified at 12-Apr-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2115 within the next 12 hours. Supported by Downward sloping Moving Average EUR/CAD 07-Apr-23:30 -> 12-Apr-11:00 Target Level: 1.3790   Support: (A) 1.3727 Last TP of Ascending Triangle Resistance: (B) 1.3760 Last TP of Ascending Triangle Target Period: 12 hours   Interval 30 Minutes Pattern Ascending Triangle Length 76 Candles Identified 12-Apr-10:00 Ascending Triangle has broken through the resistance line at 12-Apr-10:00. Possible bullish price movement forecast for the next 12 hours towards 1.3790. Supported by Upward sloping Moving Average EUR/NZD 11-Apr-06:00 -> 12-Apr-11:00   Interval 1 hour Pattern Big Movement Length 9 Candles Identified 12-Apr-11:00 EUR/NZD experienced a 0.32% bearish movement in the last 10 hours. GBP/NZD 11-Apr-01:30 -> 12-Apr-11:00 Target Level: 1.8995 Target Period: 5 hours   Interval 15 Minutes Pattern Support Length 89 Candles Identified 12-Apr-10:15 Broke through Support level of 1.9029 at 12-Apr-10:15 Supported by Downward sloping Moving Average CAD/JPY 24-Mar-21:00 -> 12-Apr-13:00 Target Level: 98.2460   Support: (A) 98.2460 Last TP of Channel Up Resistance: (B) 99.8510 Last TP of Channel Up Target Period: day   Interval 4 hour Pattern Channel Up Length 36 Candles Identified 12-Apr-01:00 Channel Up identified at 12-Apr-01:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 98.2460 within the next day. CAD/CHF 07-Apr-10:00 -> 12-Apr-11:00 Target Level: 0.7361   Support: (A) 0.7361 Last TP of Channel Down Resistance: (B) 0.7388 Last TP of Channel Down Target Period: 16 hours   Interval 30 Minutes Pattern Channel Down Length 100 Candles Identified 12-Apr-10:00 Channel Down identified at 12-Apr-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7361 within the next 16 hours. Supported by Downward sloping Moving Average CHF/JPY 06-Apr-07:00 -> 12-Apr-11:00 Target Level: 134.8710   Support: (A) 134.3640 Last TP of Channel Up Resistance: (B) 134.8710 Last TP of Channel Up Target Period: day   Interval 30 Minutes Pattern Channel Up Length 151 Candles Identified 12-Apr-11:00 Channel Up identified at 12-Apr-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 134.8710 within the next day. Supported by Upward sloping Moving Average NZD/JPY 23-Mar-13:00 -> 12-Apr-13:00 Target Level: 84.8680   Support: (A) 84.8680 Last TP of Triangle Resistance: (B) 86.0380 Last TP of Triangle Target Period: 2 days   Interval 4 hour Pattern Triangle Length 42 Candles Identified 11-Apr-21:00 Triangle identified at 11-Apr-21:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 84.8680 within the next 2 days. Disclaimer This service is subject to this privacy policy, disclaimers and terms and conditions.

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